The Ministry of Transport and Logistics is studying a review of the legal framework for motorcycle insurance, in light of the growth of delivery services especially in major cities.
Najm for Insurance Services Company (Najm) has launched a new telematics initiative to improve road safety in Saudi Arabia. The motor services company has already partnered with a number of insurance companies to adopt the new telematics system.
Atlantique Assurance will offer accident insurance (100% coverage) and health insurance (80% coverage by the insurer and 20% by the insured) to all Bee motorcycle taxi drivers, announced the Cameroonian company Bee Group, engaged in motorcycle transportation and delivery services.
The Chinese government's "trade-in old cars for new cars" incentive scheme is expected to generate 1%-2% market growth for the motor insurance sector.
The Tunisian Federation of Insurance Companies (FTUSA) has launched an information system to help users determine the sale prices of new or used cars, according to the federation's executive director, Mr Hatem Amira.
The increasing adoption of EVs in India is not only reshaping the India motor industry but also revolutionising the motor insurance segment in the country.
Thailand's rapidly expanding electric vehicle (EV) market could face setbacks if insurance companies refuse to provide coverage for EVs, says the Thai Automotive Industry Association (TAIA).
FWD Singapore has formed a partnership with Income Insurance to provide customers with vehicle insurance coverage with effect from 2 July 2024.
Road traffic accidents cost Zimbabwe losses of over $400m each year, the managing director of the Zimbabwe Traffic Safety Council of Zimbabwe (TSCZ), Mr Munesu Munodawafa, has said.
Two-thirds of registered motorcycles in Turkiye do not have compulsory motor third-party liability insurance (also known as traffic insurance), according to Mr Bendevi Palandoken, the chairman of the Confederation of Turkish Tradesmen and Craftsmen (TESK).